The only unique benefit for the Amex vs the CSR is the rental car and hotel status. Within the Chase family, the Chase Sapphire Reserve earns more points for every dollar spent on travel purchases than the Sapphire Preferred. Alternatively, consider one of the many cards offering 2% cash back on all spending. However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. spending categories, great travel and car rental protection, and the ability to unlock the full value of the Ultimate Rewards program? These include: The Platinum Card from American Express Note that there is a two-night minimum stay for The Hotel Collection bookings. Something went wrong. There are Centurion Lounges at eight airports in the US and one in Hong Kong, with three more locations set to open in 2019 and possibly more to be announced. The Chase Sapphire Preferred doesn't offer 5X on "all" airfare like Amex Platinum, but again, it's a $95 a year card, instead of $695 like Amex Platinum. Theres a minimum earning rate of 1 point per dollar spent. Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). This is $1000 per month of required spending. PreCheck credit (This benefit applies once every 4.5 years for the application fee for TSA PreCheck and every 4 years for Global Entry), Access to the Amex International Airline Program, which can save you money on premium international airfare, Access to Amex Fine While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. IHG Rewards Premier credit card. Subscribe to our newsletter. To me, the Amex Platinum is all about the lounge access and credits, while the Chase Sapphire Reserve is But who wants to pay $1,245 Earn 60,000 points after you spend $4,000 on purchases in the first 3 months. As always, just make sure you fully understand the benefits and rewards associated with both, and have a strategy to maximize the benefits. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Let me share my math, based on my own situation. American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. (Rates & Fees) and offers a variety of valuable perks , including: Read a full review of the Amex Platinum Card, and Breeze through security with CLEAR lanes available at 100+ airports, stadiums, and entertainment venues and get up to $189 back per calendar year on your membership when you use your Card. On quick thought, that makes sense. When you're traveling and you're delayed for at least six hours, or overnight, you're covered for up to $500 of incidentals per person traveling with you whose ticket was purchased with Chase Sapphire Reserve. Both Chase and American Express partner with Marriott. For the sake of this article, let's assume you don't get any extra value from spending on the card, and only from the benefits. It will automatically apply to a broad range of travel purchases, while the $200 Amex airline credit only applies to select fees such as seat assignments or checked bags and you're limited to a single airline you designate each year. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Terms apply to offers listed on this page. So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. INVESTING. Some have transfer ratios below 1:1, have longer transfer times (which means you risk watching your award space disappear) or simply dont have reasonably priced redemption options. Chase has historically been the leader in travel insurance, with a multitude of different policies and generous terms. The Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. Executives hint at an answer. Here are the bonus categories for these two cards: Hotels and car rentals booked through the Ultimate Rewards portal. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. Information provided on Forbes Advisor is for educational purposes only. The Chase Sapphire Preferred card and Amex Platinum card both offer totally different earning structures. Sign up for our daily newsletter! We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers. Some people give Chase the edge since it partners with more programs you may already be familiar with and includes Hyatt (arguably the most lucrative hotel program based on the value of its points). A flashy metal card design combined with a lucrative rewards rate and flexible redemption options makes it easy to see its long-term value. Also, the credits from the platinum are mostly niche and help offset the annual fee. For help you can call 866-3-HUNGRY (866-348-6479) or 877-8-HAMBRE (877-842-6273). Editor's note: This is a recurring post, regularly updated with new information and card details. Today, were going to take a look at how they stack up against each other and whether you should consider adding one (or both) to your wallet. Please visit americanexpress.com/benefitsguide for more details. Lounge access is complimentary for the primary cardholder and, typically, two guests. Both cards also offer a travel assistance service which can make medical and legal referrals, but the costs of services provided are the responsibility of the cardholder. Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. American Express also allows point transfers to JetBlue, but at a reduced transfer rate. Ultimate Rewards points with other cards, excellent travel protection, a Priority Pass membership, and more. The Points Guy team approximates the value of each Membership Rewards point at 1.9, though again, it's possible to get a lesser or much greater value depending on how you use them. In this area, the Chase Sapphire Preferred Card shines. Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. Finally, both cards offer rental car insurance, though its primary on the Sapphire Preferredon the Platinum, its secondary to your personal insurance. Eligibility and Benefit level varies by Card. Nowadays premium credit cards are more popular than ever before. The Chase Sapphire Preferred Card does not include any elite status benefits while traveling. It's automatically applied to your first $300 in travel and transit spending, covering those purchases (or, if one single purchase is larger than $300, covering the first $300 of it). A Priority Pass membership. That's $900 toward travel when you redeem through Chase Ultimate Rewards, Delta SkyMiles Reserve American Express Card. Another major cruise line hikes drinks package costs sharply but there's a twist, Get more from your points with these transfer bonuses. Both of these cards get that done but in very different ways. Past performance is not indicative of future results. Your financial situation is unique and the products and services we review may not be right for your circumstances. Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. Terms apply to the offers listed on this page. Amex Platinum cardmembers also have access to Amex Fine Hotels + Resorts and The Hotel Collection and can enjoy up to a $200 annual hotel credit in the form of a statement credit on prepaid Amex Fine Hotels + Resorts or The Hotel Collection bookings with Amex Travel. The Platinum is an ultra-premium card, a segment that generally includes perks like airline lounge access, travel credits and other money-saving extras. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. The various behavioral forms that nonverbal communication takes are referred to as nonverbal, Why give alpha blocker before beta blocker in pheochromocytoma. TheAmex Platinum has a $695 annual fee Another area where Amex excels is by offering Gold elite status with both Marriott and Hilton to Platinum cardholders. However, Amex offers transfer bonuses regularly, stretching your balance farther. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. When it comes to North American transfer partners, Chase includes United Mileage Plus, Southwest Rapid Rewards and JetBlue. Eligibility and Benefit level varies by Card. Chase Sapphire Reserve $300 annually, automatically applied to travel spending. For some people both Personally, I have both theAmex Platinumand theChase Sapphire Reserve. By clicking Sign up, you agree to receive marketing emails from Insider That said, youll often get a better value by transferring your points to the loyalty programs of airlines and hotels instead. Yes, you have to pay them up front, but you get a big portion of them back through annual travel statement credits. These are the best publicly available offers (terms apply) that we have found for each product or service. Want more credit card news and advice from TPG? The Platinum Card from American Express - AllCards.com We value your privacy We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. If youre anything like me, the math may make sense on both cards. Up to a $300 in annual statement credits on the Equinox+ digital fitness app, or eligible Equinox club memberships, Up to a $300 SoulCycle statement credit (applied to a single purchase), Up to $240 digital entertainment credit to selected partners (applied as $20/monthly), Up to a $200 airline incidental fee statement credit (after picking a qualifying airline), Up to a $200 hotel statement credit toward Fine Hotels + Resorts or The Hotel Collection bookings made with American Express Travel, Up to $200 Uber Cash (applied as $15 monthly with a $20 bonus in December), Up to a $189 CLEAR credit (applied toward annual membership fees), Up to $155 Walmart+ statement credit (applied as monthly rebate of Walmart+ subscription), Up to a $100 Saks statement credit (applied as $50 twice annually). Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. Still, if you travel several times a year, it may be worth considering both as part of your card portfolio as long as you can tackle the hefty annual fees. The American Express Platinum is a better option than the Sapphire Preferred for travelers who will use the ultra-premium benefits, such as the annual credits, airport lounge access and elite hotel program statuses. Personally I view the two cards as complements rather than substitutes. Platinum Card by American Express Interest Rates: Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards perRead More. No, those numbers are not typos. Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. Lets say youre spending $5,000 on both airfare and dining combined each year, $1,000 on hotels or cruises and $10,000 on non-bonus spending. Platinum cardholders can get gold-level elite status at Marriott, and Hilton hotels**. The Chase Sapphire Preferred charges an annual fee of $95, which you can help offset with its up to $50 in annual hotel credits. Cardholders earn 5 Membership Rewards points per dollar for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year, 5 points per dollar on prepaid hotels booked with American Express Travel and 1 point per dollar on other eligible purchases. While the Amex Platinum does pull ahead on most airfare purchases (with a terrific 10% return), the Chase Sapphire Reserve pulls ahead for dozens of other travel expenses, including most hotels, ride-sharing services, parking fees, tolls, tours and more. Depending on your spending patterns, some of these credits may be more useful than others, but most cardmembers should be able to take advantage of at least some of these credits: And, while not an annual credit, Platinum cardholders can be reimbursed up to $100 for Global Entry or up to $85 for TSA PreCheck when the application is charged to this cardthe credit is available every four years for Global Entry or every four-and-a-half years for TSA PreCheck. Please check out our advertiser policy for further details about our partners, and thanks for your support! While they are both excellent travel . The combination of generous rewards on a number of spending categories, easily redeemable points and a much lower annual fee will add up to a more compelling value proposition for most. Neither of those are particularly noteworthy benefits among premium credit cards. Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. Eligibility and Benefit level varies by Card. Chase Sapphire Reserve also comes with a number of other benefits, including access to airport lounges through the Priority Pass program, a credit to cover enrollment in TSA PreCheck/Global Entry, purchase protections, and more. You can purchase syndication rights to this story here. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. Related: The best travel credit cards of 2023. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. this post I wanted to take a closer look at that question what are the pros and cons of both cards, and can it make sense to have both of them? Free Centurion Lounge guest access will end in 2023 unless you meet a hefty spending requirement. Update: Some offers mentioned below are no longer available. This post contains references to products from one or more of our advertisers. Does it make sense to have Amex Gold and Chase Sapphire Reserve? Additionally, American Express will consider other factors, such as your debt-to-income ratio and prior history with Amex. For example, when we wink at someone, offer a strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors. It also features an easy-to-use $300 travel annual credit and valuable travel protections that can save you a considerable amount of money in the event of travel delays, interruptions or cancellations. *Eligibility and benefit level varies by card. For rates and fees of the Amex Platinum, click here. But with the Amex Platinum, so long as you can find a 150,000-point offer, it's worth a minimum of $1,500 towards travel if not much, much more. For an explanation of our Advertising Policy, visit. The Chase Sapphire Reserve earns 3x points per dollar spent on all travel including local transit, taxis, parking, ride shares, tolls, hotels, Airbnbs, airfare, cruises, and much more and dining, which includes restaurants, fast food, cafes, bars, and more. Some of the best are ANA Mileage Club, Air Canada Aeroplan and Avianca LifeMiles, each of which offers attractively priced options for booking Star Alliance tickets. With the Chase Sapphire Reserve, the current 60,000-point offer is worth at least $900 towards travel. The Forbes Advisor editorial team is independent and objective.

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